Judge Says Bank’s 2013 Communications Did Not Violate Equal Credit Act

Mealey's (November 11, 2019, 10:09 AM EST) -- LOS ANGELES — A federal judge in California on Nov. 4 granted in part Wells Fargo Bank N.A.’s motion for summary judgment in a couple’s lawsuit accusing it of violating the Equal Credit Opportunity Act (ECOA), finding that communications the lender had with the plaintiffs in 2013 about a loan modification application did not violate the statute because the borrowers were still in default on their mortgage loan (Walter H. Hackett III, et al. v. Wells Fargo Bank N.A., No. 17-CV-07354, C.D. Calif., 2019 U.S. Dist. LEXIS 193296)....